Living in Spring Valley, Minnesota
Cost of living, income, home prices, rent and demographics of Spring Valley · Census data 2020–2024
Spring Valley has 2,307 residents with a median age of 43.9. The median household income is $66,339 (26% lower than the Minnesota median), the median home value is $160,800, the median rent is $915/month.
Spring Valley at a glance
- Population
- 2,307
- Median age
- 43.9State: 38.8
- Median household income
- $66,339State: $89,062
- Median home value
- $160,800State: $329,300
- Median rent
- $915/moState: $1,280
- Homeowners
- 75.8%
- Bachelor's degree or higher
- 18.1%
- Average commute
- 25 min
Is Spring Valley a good place to live?
Pros: Home values 51% lower than the state median; unemployment of 3.9%; a poverty rate of 9.3%.
Cons: Median household income 26% lower than the Minnesota median; an average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Spring Valley
Housing is the biggest part of the cost of living. In Spring Valley the median home value is $160,800, 52% lower than the U.S. median. Renters pay a median of $915 per month, which is 35.1% of household income. Homeowners with a mortgage pay $1,385 a month in housing costs.
Spring Valley median household income
The median household income in Spring Valley is $66,339 and the income per person is $34,892. 9.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Spring Valley: homes for sale and rent
- Housing units
- 1,095
- Owner-occupied
- 75.8%
- Renter-occupied
- 24.2%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.19
Spring Valley demographics
- Population
- 2,307
- Median age
- 43.9
- Under 18
- 21.9%
- 65 and older
- 23.8%
- Households
- 1,022
- Foreign-born
- 2.2%
- Veterans
- 10.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Spring Valley ›
Education in Spring Valley
18.1% of adults 25 and older in Spring Valley have a bachelor's degree or higher (Minnesota: 39.4%), and 3.9% have a graduate or professional degree.
Jobs and commute in Spring Valley
- Unemployment rate
- 3.9%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 13.4%
- Drive alone
- 75.9%
- Public transit
- 0.3%
- Walk to work
- 3.2%
- Homes with broadband
- 85%
Spring Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spring Valley | 2,307 | $66,339 | $160,800 | $915 |
| Ostrander | 313 | $74,063 | $146,900 | $768 |
| Wykoff | 377 | $65,446 | $143,400 | $823 |
| Racine | 416 | $97,788 | $260,000 | $1,271 |
| Grand Meadow | 1,011 | $72,125 | $188,000 | $644 |
| Stewartville | 6,807 | $82,632 | $265,300 | $1,070 |
| Fountain | 493 | $78,750 | $185,300 | $630 |
| High Forest | 124 | $128,750 | $314,300 | — |
| Le Roy | 803 | $54,485 | $122,800 | $697 |
More for people moving to Spring Valley
Spring Valley ZIP code ›Weather and climate ›Living in Spring Valley: FAQ
What is the median household income in Spring Valley, MN?
The median household income in Spring Valley is $66,339, 26% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spring Valley?
The median home value in Spring Valley is $160,800, compared with $329,300 in Minnesota.
How much is rent in Spring Valley?
The median gross rent in Spring Valley is $915 per month, about 35.1% of household income.
Is Spring Valley, MN a good place to live?
Pluses: home values 51% lower than the state median; unemployment of 3.9%; a poverty rate of 9.3%. Minuses: median household income 26% lower than the Minnesota median; an average commute of 25 minutes.
What is the median age in Spring Valley?
The median age in Spring Valley is 43.9 years (Minnesota: 38.8).
How long is the commute in Spring Valley?
The average commute to work in Spring Valley is 25 minutes; 13.4% of workers work from home.
What is the unemployment rate in Spring Valley?
The unemployment rate in Spring Valley is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spring Valley?
18.1% of adults in Spring Valley have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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